Nickonomics

USD/CAD: Triangle breakout imminent

FX:USDCAD   U.S. Dollar/Canadian Dollar
A triangle breakout setup in USD/CAD             . According to the wave count, the risk of downside scenario prevails. So, the move beyond 1.3155 would expose the 1.30 area. Alternatively, upside breakout would target 1.3413 fibo level.

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